Air Arabia plans to spend up to $2bn on 34 new planes following its IPO this year, reported Bloomberg. It was reported last month that the budget carrier was eyeing 25 new Airbus A320s at a cost of $1.6bn. But CEO Adel Ali told the news agency the airline needs to replace its existing fleet of nine leased aircraft; Air Arabia is talking to Airbus and Boeing over the order.

Bloomberg got it wrong. They are planning an expansion TO 34 frames not an expansion of 34 frames.

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He continued: "Based on both the individual success of Air Arabia and the growing demand for commercial and leisure travel in the region, we are planning to expand the company�s current operating fleet over the next five years from nine Airbus A320s to a total of 34 aircraft."
Source: http://www.airarabia.com/Air%20Arabi...lans%20for%20Initial%20Public.html------------------------------------------------------

As for an opening for Boeing there is almost none. Air Arabia, from what I was told, have already inked longterm service contracts for 320s specifically that would be hard and expensive to get out of.